We will certify your Gross Turnover in 2 weeks.
We will certify your Gross Turnover Audit (GTO) in 2 weeks from just $999/FY.
- Are you preparing your gross turnover for calculation of rental charges?
- Have you faced difficulties communicating with your auditors who do not seem to add value?
- Do you need to certify your gross turnover as per your rental agreement?
If you answered YES to any of these questions, we feel you!
Certify your gross turnover in just 10 days!
For retailers operating in shopping malls, a Gross Turnover Audit (GTO) or Sales audit/Rental audit/Gross Income Audit is typically required. Furthermore, the tenancy agreements between landlords and tenants usually include a provision mandating tenants to submit an annual Statement of Gross Turnover, audited by a public accountant. This requirement arises because a portion of the rental is based on a percentage of the gross turnover.
Gross turnover, encompassing the total sales generated by retailers over a specific period, must be audited to ensure the accuracy of the figures presented in the Statement of Gross Turnover to the landlord. This financial information holds utmost importance for landlords as it constitutes a component of the rental as stipulated in the tenancy agreement.
Throughout the audit process, our dedicated team of auditors meticulously validates the total sales for the relevant period. Subsequently, a certified report is provided to the landlords. This report serves as conclusive evidence that the monthly gross turnover presented in the Statement of Gross Turnover is accurate and fair.
Our experienced auditors are committed to providing high-quality services that meet the unique needs of our clients. Read more here.
Audit Services can be simpler, better and faster.
At Athel, we prioritize assisting our clients in meeting their filing due dates effortlessly. Furthermore, we meticulously design our audit approach to add substantial value to our clients’ businesses. This involves not only reducing audit lead time, cost, and paperwork but also enhancing overall efficiency.
In our continuous pursuit of improvement, we actively undertake significant digitalization efforts. One notable initiative involves implementing Caseware’s audit software. This strategic move aims to provide a streamlined approach for conducting audits, ensuring a seamless process without compromising the quality of our services.
By combining our commitment to leveraging technology with a dedicated team of experienced professionals, we actively ensure the delivery of high-quality audit services. This approach is thoughtfully crafted to meet the unique needs of our clients.
Get a Chartered Accountant on your team.
At Athel Accounting, we recognize the uniqueness of small businesses. Therefore, we provide personalized accounting and audit services designed to meet your specific needs. Serving as trusted advisors to CEOs, our team of experienced accountants is dedicated to offering proactive advice and tailored solutions. These services aim to optimize your financial processes and facilitate the achievement of your business goals.
Frequently Asked
Questions
Client:
How do you charge?
Athel:
Our routine audit fee for Gross Turnover (GTO) audit is $999/FY.
Client:
What is the audit process like?
Athel:
After your approval of the audit fee, we will perform client due diligence as part of our onboarding process.
We will schedule the audit once the CDD is cleared.
An auditor-in-charge (AIC) will be scheduled and assigned to perform the field work.
The AIC will get in touch to retrieve below document for the audit.
After completion of field work, the AIC will send the audit report to our audit manager and engagement partner for review and signing off.
Client:
What is the timeline of the audit like?
Athel:
We will require about 2 weeks after audit commencement.
Client due diligence – Within 1 week
Schedule lead-time – Within 4 weeks
Audit field work – Within 1 week
Review and sign off – Within 1 week
Client:
What document are required for the audit?
Athel:
We will require document such as signed Tenancy Agreement, Daily Sales Amounts in Microsoft Excel, monthly bank statements, monthly reports submitted to landlords.
What our clients are saying
about
Team ATHEL.
AUDIT YOUR GROSS TURNOVER
IN 10 DAYS
FROM JUST $999/FY/Outlet/Report.
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30 min business consultation worth $600.
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Provision of audit services in accordance with Singapore Standards of Auditing (SSAs)
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Auditor’s Report on Gross Turnover
- Other things we can do: GST submission, Annual return, tax filing.